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5,364
square ft

18037 Pelkey Street
Detroit, Michigan 48205

Closed / MLS #20251046375 / Commercial / Mixed Use / Mount Olivet
Listing information updated 12/9/2025 at 9:45am
LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18037 PELKEY NESTLED ON A 5,364 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 10 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. 10 OF THE 10 UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST UNDER $10,000 PER MONTH. THE TENANTS PAY ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN OVER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Lot Size:
0.12 Acres
Acreage:
0.12
Built:
1929
Roof:
Other
Current Use:
Residential
Business Use:
Apartments, Commercial
Zoning:
Multi-Family
Building Square Feet:
5,364
Current Net Income:
$120,000
Tax Amount:
$22,438
Tax Year:
N/A
Zip Code:
48205
City:
Detroit
County:
Wayne

Listing Office: KW Domain

Listing Office Phone: 248.590.0800

Disclaimer: IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, © 2025 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

$61,972
Average Sale Price
87
Average Days On The Market
86%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 18037 Pelkey Street, Detroit, MI 48205

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18037 Pelkey Street, Detroit, MI 48205 is a commercial / mixed use which sold for . This commercial / mixed use has been listed on @properties REMI Christie's International Real Estate since June 16th, 2025 and was built in 1929.